v3.24.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 1,159,884 $ 1,194,988 $ 2,233,009 $ 2,457,065
Operating costs and expenses:        
Cost of services (exclusive of depreciation, depletion, and amortization shown separately below) 835,798 833,456 1,618,478 1,721,872
General and administrative 57,700 58,034 110,686 111,070
Transaction and other costs 0 985 0 1,602
Depreciation, depletion, and amortization 123,305 99,695 246,491 194,096
Loss (gain) on disposal of assets 1,248 (3,660) 88 (3,173)
Total operating costs and expenses 1,018,051 988,510 1,975,743 2,025,467
Operating income 141,833 206,478 257,266 431,598
Other expense:        
Unrealized gain on investments, net (7,201) 0 (7,201) 0
Interest income—related party 0 (350) (478) (723)
Interest expense, net 8,063 6,825 15,604 15,089
Total other expense, net 862 6,475 7,925 14,366
Net income before income taxes 140,971 200,003 249,341 417,232
Income tax expense 32,550 47,332 59,028 101,815
Net income 108,421 152,671 190,313 315,417
Less: Net income attributable to non-controlling interests 0 0 0 91
Net income attributable to Liberty Energy Inc. stockholders $ 108,421 $ 152,671 $ 190,313 $ 315,326
Net income attributable to Liberty Energy Inc. stockholders per common share:        
Basic (in dollars per share) $ 0.65 $ 0.88 $ 1.14 $ 1.80
Diluted (in dollars per share) $ 0.64 $ 0.87 $ 1.12 $ 1.76
Weighted average common shares outstanding:        
Basic (in shares) 166,210 173,131 166,268 174,840
Diluted (in shares) 169,669 176,225 170,647 178,837
Nonrelated Party        
Revenue:        
Total revenue $ 1,118,263 $ 1,142,757 $ 2,168,821 $ 2,375,077
Related Party        
Revenue:        
Total revenue $ 41,621 $ 52,231 $ 64,188 $ 81,988